Wee Hur Holdings to buy 70% stake in [email protected] development

Wee Hur Holdings said it plans to buy a 70 per cent stake in the [email protected] development for S$9 million.

It said the proposed acquisition is in line with its growth strategy to diversify into the property development business.

[email protected] is a residential property project at Gilstead Road, near Novena MRT station.

It is a strata housing development comprising 10 semi-detached houses, 6 terrace houses and 2 bungalows.

It is around 50 per cent sold and is expected to obtain Temporary Occupation Permit (TOP) in the third quarter of 2011.

Source : Channel NewsAsia – 29 Sep 2009